CFTC claims that the recent manipulation attempts on Polymarket highlight are highly susceptible.
The CFTC has ordered Kalshi to suspend its election prediction market due to concerns about manipulation.
The Commodity Futures Trading Commission (CFTC) has raised serious concerns about the potential for manipulation in prediction markets, particularly in light of recent Kalshi events. In a new filing with the U.S. Court of Appeals for the D.C. Circuit on September 14th, the CFTC argued that these markets, which allow traders to bet on future events, are vulnerable to significant manipulation. This caution comes amidst a surge in election-related betting. Which the CFTC suggests could undermine public trust and the integrity of the electoral process.
The CFTC’s concerns were highlighted by recent attempts to manipulate markets on Polymarket. Where traders bet on Vice President Kamala Harris winning the 2024 presidential election. The Commission’s filing contends that suc
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